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Praj Industries Gains 5%; BSE CAPITAL GOODS Index Up 0.3%
Mon, 12 Aug 14:31

Praj Industries Gains 5%; BSE CAPITAL GOODS Index Up 0.3%Image source: Sefa Ozel/www.istockphoto.com

Praj Industries share price has zoomed 5% and is presently trading at Rs 706.2.

Meanwhile, the BSE CAPITAL GOODS index is at 72,745.3 (up 0.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 4.5%) and Graphite India (up 3.9%).

ABB (down 3.0%) and TIMKEN INDIA (down 2.4%) are among the top losers today.

Over the last one year, Praj Industries has moved up from Rs 469.6 to Rs 706.2, registering a gain of Rs 236.6 (up 50.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,202.8 to 72,745.3, registering a gain of 68.4% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 204.2%), HINDUSTAN AERO. (up 151.1%) and Bharat Electronics (up 134.1%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,862.6 (up 0.2%).

The top gainers among the BSE Sensex today are Axis Bank (up 1.9%) and JSW Steel (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,407.9 (up 0.2%). Axis Bank and Hero Motocorp are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,846.5 to 79,862.6, registering a gain of 14,016.1 points (up 21.3%).

Praj Industries Financial Update...

Praj Industries net profit grew 43.5% YoY to Rs 842 million for the quarter ended June 2024, compared to a profit of Rs 587 million a year ago. Net sales declined 5.1% to Rs 6,991 million during the period as against Rs 7,367 million in April-June 2023.

For the year ended March 2024, Praj Industries reported 18.2% increase in net profit to Rs 2,834 million compared to net profit of Rs 2,398 million during FY23. Revenue of the company fell 5.3% to Rs 33,914 million during FY24.

The current Price to earnings ratio of Praj Industries, based on rolling 12 month earnings, stands at 42.0.


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